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Drilling Formula Sheets is a set of Drilling Formulas used commonly by drilling engineers in the onshore and offshore oil drilling industry. They are used as part of a key piece of engineering work called Well Control .
Learn how to measure the monetary value of inventory items for financial statements. Compare different inventory accounting systems, methods and valuation techniques.
Learn how businesses use inventory optimization techniques to improve their inventory size and location across their supply network. Compare deterministic and stochastic models, single and multi-echelon approaches, and inventory optimization engines.
Inventory turnover is a measure of how many times inventory is sold or used in a given period. It is calculated by dividing the cost of goods sold by the average inventory and can indicate the efficiency and profitability of a business.
Learn how to calculate days in inventory, an efficiency ratio that measures the average number of days the company holds its inventory before selling it. Find out the formula, examples, and related concepts such as inventory turnover and working capital.
Material theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research and operations management that is concerned with the design of production/inventory systems to minimize costs: it studies the decisions faced by firms and the military in connection with manufacturing, warehousing, supply chains, spare part allocation and so on ...
A spreadsheet is a computer application for data computation, organization, analysis and storage in tabular form. Learn about the origins, functions and examples of spreadsheets, as well as their differences from databases and office suites.
Inventory is the goods and materials that a business holds for resale, production or utilisation. Learn about the different types, reasons and terms of inventory, and see examples from various sectors and contexts.
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